Both Ether (#ETHđ„đ„đ„đ„ ) and Bitcoin (#BTCâ ) have ETFs (Exchange Traded Funds), which provide greater support to their prices compared to other cryptocurrencies. This feature contributes to their declines being less pronounced overall. The existence of ETFs gives a greater sense of security to investors, as these funds are usually backed by underlying assets.
While it is true that Ether, unlike Bitcoin, is not focused exclusively on being a store of value, it is important to note that its network supports a large number of decentralized projects and applications, including many meme-based projects. This diversity of projects and the constant development in the Ethereum ecosystem contribute to its attractiveness and intrinsic value.
